Legacy Housing Corporation Reports First Quarter 2026 Financial Results

Rhea-AI Summary

Legacy Housing (Nasdaq: LEGH) reported Q1 2026 results for the quarter ended March 31, 2026: net revenue $34.4M (down 3.7% vs. Q1 2025), income from operations $12.4M (up 6.9%), net income $10.9M (up 6.3%), and diluted EPS $0.46 (up 12.2%). Book value per share was $22.66 at March 31, 2026. Legacy received a $7.1M non-refundable advance deposit for a large workforce housing order and repurchased 30,740 shares (~$573k) under a $10M board-authorized program.

Positive

• $7.1M non-refundable advance deposit for large workforce housing order
• Board-authorized $10.0M share repurchase program

Negative

• None.

News Market Reaction – LEGH

+7.93%

3 alerts

+7.93% Session close to close

+2.8% Peak Tracked

$564.50M Market Cap

1.0x Rel. Volume

In the May 8 session, LEGH gained 7.93%, reflecting a notable positive market reaction. Argus tracked a peak move of +2.8% during that session. Our momentum scanner triggered 3 alerts that day, indicating moderate trading interest and price volatility.

Data tracked by StockTitan Argus on the day of publication.

Market Context

The stock moved +7.9% in the session following this news. A strong positive reaction aligns with Leg...

Analysis

The stock moved +7.9% in the session following this news. A strong positive reaction aligns with Legacy’s improving profitability metrics in Q1 2026, including net income of $10.9 million and diluted EPS of $0.46 despite lower revenue. Historically, earnings news has moved the stock in line with report tone, with an average move of -2.25% on prior earnings. Investors have also seen ongoing book value growth and buybacks, which can support enthusiasm but may still be tempered by past revenue softness.

Key Figures

Net revenue: $34.4 million Income from operations: $12.4 million Net income: $10.9 million +5 more

8 metrics

Net revenue $34.4 million Q1 2026, down 3.7% vs Q1 2025

Income from operations $12.4 million Q1 2026, up 6.9% vs Q1 2025

Net income $10.9 million Q1 2026, up 6.3% vs Q1 2025

Basic EPS $0.46 Q1 2026, up 7.0% vs Q1 2025

Diluted EPS $0.46 Q1 2026, up 12.2% vs Q1 2025

Book value per share $22.66 As of March 31, 2026; up 2.1% vs Dec 31, 2025

Advance deposit $7.1 million Non-refundable deposit for workforce housing order in Q1 2026

Share repurchases 30,740 shares for ~$573,000 Q1 2026 under $10.0 million repurchase program

Previous Earnings Reports

5 past events · Latest: Mar 12 (Negative)

Same Type Pattern 5 events

Date	Event	Sentiment	24h Move	Catalyst
Mar 12	Full-year 2025 results	Negative	-3.2%	Full-year 2025 revenue and earnings declines versus 2024 with softer unit sales.
Nov 07	Q3 2025 results	Negative	-6.0%	Q3 2025 product sales decline and leadership changes alongside plant run-rate update.
Aug 07	Q2 2025 results	Neutral	+3.8%	Mixed Q2 2025 with revenue and operating income up but net income and EPS lower.
May 12	Q1 2025 results	Negative	-8.5%	Q1 2025 saw steep declines in revenue, income and EPS despite higher book value.
Mar 12	Full-year 2024 results	Positive	+2.7%	Full-year 2024 net income, EPS and book value growth despite modest revenue softness.

24h Move is the share-price change in the day after each event; other market factors may also have contributed.

Pattern Detected

Earnings releases have typically moved the stock in the same direction as the earnings tone, with an average move of -2.25% on past earnings events.

Recent Company History

Over the last several earnings cycles, Legacy Housing’s results have shifted from mixed strength in full-year 2024 to more pressured trends through 2025, including revenue and profit declines and management changes. Shares often reacted negatively to weaker updates, while more balanced or improving figures saw modest gains. Today’s Q1 2026 release, with revenue down but net income and EPS higher and book value per share at $22.66, follows this sequence of balancing growth in profitability and book value against softer top-line trends.

Key Terms

basic earnings per share, diluted earnings per share, book value per share, revolver

4 terms

basic earnings per share financial

"Basic earnings per share for the first quarter of 2026 was $0.46"

Basic earnings per share measures how much of a company’s profit is attributable to each ordinary share by dividing profit available to common shareholders by the weighted average number of common shares outstanding during the period. It matters to investors because it translates overall profit into a per-share figure—like how much of a pizza each slice gets—making it easy to compare profitability across companies and track whether earnings per share are growing. It does not account for potential additional shares from options or convertible securities.

diluted earnings per share financial

"Diluted earnings per share was $0.46, an increase of 12.2%"

Diluted earnings per share is a measure of a company's profit allocated to each share of stock, taking into account all possible shares that could be created through stock options, convertible bonds, or other securities. It shows the lowest possible earnings per share if all these potential shares were issued, helping investors understand the worst-case scenario for their ownership. This figure matters because it provides a more conservative view of a company's profitability per share.

book value per share financial

"Book value per share on March 31, 2026, was $22.66"

Book value per share is a company’s net worth on paper — total assets minus liabilities — divided by the number of outstanding shares, showing the equity value attributable to each share. Investors use it like a per-slice estimate of a company’s underlying value to compare with the market price; if the market price is far above the book value, the stock may be priced for strong future profits, and if it’s below, the stock might look undervalued or reflect asset concerns.

revolver financial

"we ended the quarter with $14.1 million in cash and an essentially undrawn revolver"

A revolver is a revolving credit facility — a line of borrowing a company can draw, repay and draw again as needed, similar to a corporate credit card for short-term cash needs. It matters to investors because it provides liquidity and flexibility to cover expenses, smooth cash flow swings, or bridge financing gaps; the size, cost and covenants of the revolver affect a company’s interest costs, financial health and default risk.

AI-generated analysis. How Rhea-AI works. Not financial advice.

See more from StockTitan in Google Search and AI answers. Adds StockTitan as a preferred source · opens Google

Add on Google Not now

BEDFORD, Texas, May 07, 2026 (GLOBE NEWSWIRE) -- Legacy Housing Corporation (the "Company" or "Legacy", Nasdaq: LEGH) today announced its financial results for the first quarter ended March 31, 2026.

Financial Highlights

• Net revenue for the first quarter of 2026 was $34.4 million, a decrease of 3.7% from the first quarter of 2025.
• Income from operations for the first quarter of 2026 was $12.4 million, an increase of 6.9% from the first quarter of 2025.
• Net income for the first quarter of 2026 was $10.9 million, an increase of 6.3% from the first quarter of 2025.
• Basic earnings per share for the first quarter of 2026 was $0.46, an increase of 7.0% from the first quarter of 2025. Diluted earnings per share was $0.46, an increase of 12.2% from the first quarter of 2025.
• Book value per share on March 31, 2026, was $22.66, an increase of 2.1% from December 31, 2025.
• Received a non-refundable advance deposit of approximately $7.1 million during the first quarter from a single customer in connection with a large order of workforce housing units, with deliveries expected to begin in the second quarter of 2026.
• Repurchased 30,740 shares of common stock for approximately $573 thousand during the first quarter under the $10.0 million repurchase program authorized by the Board of Directors on February 6, 2026.
  

Kenneth E. Shipley, Chief Executive Officer, stated: "Legacy delivered a solid first quarter, growing net income and diluted earnings per share year-over-year despite a modest decline in revenue and continued macro headwinds. Our retail and direct sales channels showed real strength, our loan portfolios continue to perform well, and we ended the quarter with $14.1 million in cash and an essentially undrawn revolver. The large workforce housing order received during the quarter underscores the opportunity we see in that market, and we look forward to delivering on that order in the coming quarters. We remain confident in the long-term demand for affordable manufactured housing and in Legacy's ability to serve that need."

This shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of the Company's securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

Conference Call Information

Management will host a conference call to discuss the results at 12:00 PM Central Time on Friday, May 8, 2026. Dial-in and webcast details will be provided in advance of the call.

About Legacy Housing Corporation

Legacy Housing Corporation builds, sells, and finances manufactured homes and "Tiny Houses" distributed through a network of independent retailers and company-owned stores. The Company also sells directly to manufactured housing communities. Legacy is one of the largest producers of manufactured homes in the United States. With current operations focused primarily in the southern United States, we offer our customers an array of quality homes ranging in size from approximately 395 to 2,667 square feet consisting of 1 to 5 bedrooms, with 1 to 3½ bathrooms. Our homes range in price, at retail, from approximately $47,000 to $200,000.

Forward-Looking Statements

This press release contains forward-looking statements within the meaning of the Securities Exchange Act of 1934 and the Private Securities Litigation Reform Act of 1995. These forward-looking statements are subject to a number of risks and uncertainties, many of which are beyond our control. As a result, our actual results or performance may differ materially from anticipated results or performance. Legacy undertakes no obligation to update any such forward-looking statements after the date hereof, except as required by law. Investors should not place any reliance on any such forward-looking statements.

Investor Inquiries:

Jon Langbert, (817) 799-4900
ir@legacyhousingcorp.com

 Media Inquiries:

Kira Hovancik, (817) 799-4905
pr@legacyhousingcorp.com

FAQ

What were Legacy Housing (LEGH) Q1 2026 revenue and EPS figures?

Q1 2026 revenue was $34.4 million and diluted EPS was $0.46. According to company, revenue declined 3.7% year-over-year while diluted EPS increased 12.2%, reflecting higher net income despite lower sales.

What is the $7.1M advance deposit reported by Legacy Housing (LEGH)?

The $7.1M is a non-refundable advance deposit tied to a large workforce housing order. According to company, deliveries are expected to begin in Q2 2026 and the deposit represents a binding customer commitment.

How much cash and available credit did Legacy Housing (LEGH) report at quarter end?

Legacy reported $14.1 million in cash and an essentially undrawn revolver at quarter end. According to company, liquidity remains available to fund operations and deliver on customer orders.

How much stock did Legacy Housing (LEGH) repurchase in Q1 2026?

Legacy repurchased 30,740 shares for approximately $573,000 during Q1 2026. According to company, repurchases were made under the board-authorized $10.0M repurchase program approved February 6, 2026.

When will Legacy Housing (LEGH) discuss Q1 2026 results with investors?

Management will host a conference call at 12:00 PM Central Time on May 8, 2026 to discuss results. According to company, dial-in and webcast details will be provided in advance of the call.